Target REDCard Review

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If you’re a frequent Target shopper, the REDCard credit card could be worth a spot in your wallet. Cardholders get 5% off in-store and online Target purchases, free two-day shipping, an extended return period and more. 

At a Glance

  • No annual fee 
  • 5% discount on Target purchases
  • Free two-day shipping
  • Extra days for returns
  • 22.90% variable APR
  • No foreign transaction fees

Pros

  • No annual fee

  • 5% discount on Target purchases

  • Free two-day shipping

  • Extended returns timeframe

Cons

  • High APR

  • No points-earning capabilities

  • No perks for non-Target purchases

Additional Card Details

In addition to the main benefits highlighted above, the Target REDCard has a few more tricks up its sleeve.

Cardholders get 5% off at Target Starbucks locations, as well as access to “exclusive extras.” As Target explains, these offers can be targeted depending on previous purchases or geographic location. These extras are planned throughout the year and can vary each year, too. You’ll receive communications about the “exclusive extra” from Target before you can purchase it, although the retailer doesn’t give any specifics about what these items may be.

Additionally, through February 20, 2021, new cardholders can get $50 off a $100 qualifying purchase either in-store or online. The discount comes in the form of a coupon and is valid until March 27, with exceptions including Apple products, face masks and Samsung TVs.   

Should You Get this Card?

The Target REDCard is a solid pick if you shop at Target frequently. Since there’s no annual fee and you’ll get 5% off your purchases, it’s an easy way to save money on all your Target purchases. Note, however, that prescriptions, over-the-counter items, clinic services, eye exams, eye protection plans, gift cards and prepaid cards, among a handful of additional purchases, do not qualify for 5% cash back.

This card could be a good pick as the coronavirus pandemic continues to keep us home, as well. The free two-day shipping can come in handy as people continue to minimize trips to the store. You’ll also receive an additional 30 days beyond the standard return policy to return unwanted goods.

Since the card has a relatively high APR — 22.90% variable — it’s especially important to pay your balance in full and on time to avoid interest charges. It also does not offer an introductory period with 0% APR. If you find yourself carrying a balance often or even from time to time — something we strongly advise against, if possible —  the Target REDCard is not going to be the best option for you.

How to Use the Target REDCard 

If you do end up getting the Target REDCard credit card, we strongly recommend only using it on Target purchases. As mentioned, it offers 5% off Target purchases, free, two-day shipping and extended returns on eligible Target purchases. You’ll want to use it on all eligible Target purchases to save money and get fast and free shipping. (Shipping times may be delayed, though, due to COVID-19.)

For all other purchases, there are plenty of no-annual-fee options that will earn you either cash back or points for future travel to help you maximize your purchases. Examples of these include the Amex EveryDay® Credit Card and the Chase Freedom Unlimited.

In the same vein, if you more regularly shop at Amazon or other large retailers such as Walmart instead of Target, this card likely isn’t as good for you as other general cash back cards or even other store-affiliated cards.

The card does not charge foreign transaction fees, which is a solid perk if you’re planning on traveling abroad when it’s safe to do so again.

Target REDCard Credit Card Compared to Other Cards

Target REDcard™

Target REDcard™

  • Intro bonus:
    No current offer
  • Annual fee:
    $0
  • Regular APR:
    22.90% (Variable)
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon at our partner’s secure site
Amazon Prime Rewards Visa Signature Card

Amazon Prime Rewards Visa Signature Card

  • Intro bonus:
    No current offer
  • Annual fee:
    $0
  • Regular APR:
    14.24% to 22.24% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon at our partner’s secure site
Capital One® Walmart Rewards® Mastercard®

Capital One® Walmart Rewards® Mastercard®

  • Intro bonus:
    No current offer
  • Annual fee:
    $0
  • Regular APR:
    17.99% – 26.99% (Variable)
  • Recommended credit:
    580-740 (Fair to Good)
  • Learn more externa link icon at our partner’s secure site

Bottom Line

EDITORIAL INDEPENDENCE

As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.

The Target REDCard is a solid pick for Target aficionados. It offers 5% cash back on Target purchases, as well as fast and free shipping, plus extended returns. If you’re more of an Amazon or Walmart shopper, though, you’ll want to look elsewhere. However, if you’re a Target shopper and do decide to apply for this credit card, you’ll do yourself a favor by using another card — either one that earns cash back or one that gets you travel rewards — for all non-Target purchases.

Frequently Asked Questions

Does the Target REDCard have an annual fee?

No, the Target REDCard does not have an annual fee.

What credit score do I need to get the Target REDCard?

You’ll need good to excellent credit, ranging from 690-850, to be approved for the card.